LDMIX Performance — Lazard Developing Markets Equity Portfolio, Institutional Shares
Data updated: 2026-08-21
LDMIX returned +32.02% year to date and +57.04% over one year to Jun 2026. Annualised returns are +24.63% over 3 years and +6.94% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $194, against $179 for the category, and to $157 over one year, against $141. Volatility over the past three years was 18.71% a year. In the 12 months to Jun 2026 the fund lost a net $12.8M, and assets reached $129.39M.
LDMIX Growth of $100
What $100 invested in Lazard Developing Markets Equity Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | LDMIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $157 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $194 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $140 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $188 | $195 |
LDMIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +32.02% |
| 1 year | +57.04% |
| 3 years (annualised) | +24.63% |
| 5 years (annualised) | +6.94% |
LDMIX Annual Returns
Calendar-year total returns of Lazard Developing Markets Equity Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +32.02% |
| 2025 | +33.68% |
| 2024 | +6.73% |
| 2023 | +9.64% |
| 2022 | −22.63% |
| 2021 | −10.14% |
| 2020 | +19.33% |
| 2019 (Jul–Dec) | +9.73% |
LDMIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.9% | +4.6% | −11.1% | +15.6% | +12.9% | −0.1% | — | — | — | — | — | — |
| 2025 | +1.6% | +1.0% | −2.0% | +1.1% | +4.6% | +5.5% | +1.5% | +5.0% | +7.0% | +4.2% | −2.9% | +2.9% |
| 2024 | −5.3% | +5.3% | +4.5% | −2.6% | +1.0% | +2.9% | −0.5% | +2.7% | +5.5% | −3.2% | −2.1% | −0.9% |
| 2023 | +10.1% | −6.6% | +4.0% | −2.5% | −2.6% | +5.1% | +6.3% | −7.1% | −3.1% | −5.0% | +7.9% | +4.7% |
| 2022 | −1.2% | −5.4% | −2.6% | −6.6% | +2.8% | −7.2% | −0.5% | −1.5% | −12.1% | −3.9% | +17.0% | −1.7% |
| 2021 | +2.1% | +3.0% | −2.6% | +0.6% | +0.8% | −1.1% | −7.1% | +0.9% | −5.7% | +1.9% | −4.8% | +2.0% |
| 2020 | −5.2% | −5.2% | −20.6% | +11.7% | +2.5% | +8.8% | +8.2% | +3.2% | −1.2% | +2.4% | +10.2% | +7.9% |
| 2019 | — | — | — | — | — | — | −2.0% | −4.0% | +3.0% | +5.1% | +0.5% | +7.3% |
LDMIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.71%
- 3-year Sharpe ratio: 1.08 (vs 4.5% risk-free rate)
- Best month: +15.62% (Apr 2026)
- Worst month: −11.11% (Mar 2026)
LDMIX Fund Flows
Monthly money in and out of Lazard Developing Markets Equity Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$12.8M
- 12-month gross sales (incl. reinvestments): $16.3M
- Sales ÷ redemptions: 0.56×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.6M | $3.8M | −$2.2M |
| May 2026 | $968K | $2.5M | −$1.5M |
| Apr 2026 | $1.6M | $2.4M | −$767K |
| Mar 2026 | $1.0M | $2.3M | −$1.3M |
| Feb 2026 | $746K | $1.4M | −$616K |
| Jan 2026 | $3.7M | $3.9M | −$222K |
| Dec 2025 | $1.5M | $1.3M | $162K |
| Nov 2025 | $358K | $1.4M | −$1.1M |
| Oct 2025 | $1.7M | $3.8M | −$2.1M |
| Sep 2025 | $1.7M | $4.1M | −$2.4M |
| Aug 2025 | $1.0M | $1.5M | −$473K |
| Jul 2025 | $391K | $735K | −$344K |
LDMIX Assets Under Management
Net assets of Lazard Developing Markets Equity Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $129.39M |
| 2026-03-31 | $102.82M |
| 2025-12-31 | $103.53M |
| 2025-09-30 | $103.40M |
| 2025-06-30 | $93.63M |
| 2025-03-31 | $86.02M |
| 2024-12-31 | $88.46M |
| 2024-09-30 | $93.85M |
| 2024-06-30 | $91.01M |
| 2024-03-31 | $92.39M |
| 2023-12-31 | $92.37M |
| 2023-09-30 | $93.57M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.